Yanzhou Coal Mining Company Limited provided unaudited earnings guidance for the first quarter ended March 31, 2017. Based on the preliminary calculation made by the finance department in accordance with the Chinese accounting standards, the company expected that the net profit for the first quarter of 2017 attributable to shareholders of the company will increase by approximately 580% to 600% compared to the same period of last year. The significant increase in the company's performance for the first quarter of 2017 compared to the same period of last year is mainly due to the following reasons: 1. Affected by the national structural reform on supply side, the reduction in production capacity of the coal industry and other policy factors, the price of the saleable coal has increased significantly as compared to that of the same period of last year; and 2. Benefited from new mines commencing commercial production, the sales volume of self produced coal has increased as compared to that of the same period of last year.